RaboJet Certs
If you cannot find the answer to your question in the list below, please contact us at warrants@rabobank.com.
Rabobank International is a Dutch banking group with Triple A rating from both Standard & Poor and Moody’s. The Group has over 110 years’ of history and is one of the largest retail banks in the Netherlands.
Certificates are listed securities on SGX with different pay-offs and are structured.
The Certificates are traded on the SGX just like any other listed securities.
"RBDLC0x*Kyymmdd", where "x" is the series number and "yymmdd" is the expiry date of the Certificates.
RaboJet Certs are designed to work best in a sideways or slightly bullish market.
You may consider purchasing RaboJet Certs if your market view is sideways or slightly bullish over the next 12 months, and you are happy with a double-digit annualised return.
Purchasing the underlying shares directly can yield a return if you have a bullish view on the stocks, while RaboJet Certs are designed to yield a return in a sideways or slightly bullish market.
RaboJet Certs can accumulate up to 20% p.a. in a sideways or slightly bullish market.
The return is capped to 1) enhance the performance of RaboJet Certs so that even when the underlying shares are moving sideways, it is possible to achieve a double-digit return, 2) offer some downside protection even if the underlying shares are down to the Lock In Strike Level.
The safety net ensures that the investor will receive at least the issued price plus any accumulated daily locked in amount should the underlying shares drop, as long as the shares do not close below the Lock In Strike Level on the valuation date.
You may lose all of your investment if one or more of the stock prices fall to zero on the valuation date.
Upon knock-out or expiry of the Certificates, the listing will be removed from SGX and the settlement value (if any) will be paid back to the investor.
The stock dividend assumption has been priced into the Certificates, no stock dividends will be distributed.
Since the Certificates are listed on SGX, the mark to market value is shown as the bid and offer price in the market.
Of the four Series of Certificates launched in 2007, RaboJet Certs – Series 3 have knocked out in September and accumulated an absolute return of 5.12% in approximately 3 months.
RaboJet Certs have a pay-off similar to structured products sold by private banks, as well as to some retail notes. However RaboJet Certs are unique as a listed security.
You can purchase RaboJet Certificates by contacting one of the 6 distributing brokers during the order taking period. Alternatively, you may purchase the Certificates from the market after the order taking period, when they are listed on SGX.
You will need a security account to purchase RaboJet Certs. If your account is not with one of our 6 distributors, you may still purchase the Certificates when they have been listed on SGX after order taking has closed.
There are no charges from the issuer Rabobank. However, depending on the distributing broker, a brokerage fee may be charged to investor. The Central Depository (CDP) will also charge a settlement fee of SGD 20.00 +GST upon knock-out or expiration of the Certificates.
A daily report on the performance of the Certificates can be downloaded from www.rabobank.com/rabojetcerts.
Yes you can. RaboJet Certs are listed on SGX so you may purchase the Certificates in case you’ve missed out on the order taking period.
SGX is the first exchange is Asia to list such a structured certificate and to introduce a product which was previously mainly only offered to private banking clients.